Money & Banking Scams

Chase now facing criminal probe

As anger mounts against JPMorgan Chase, now comes word that there's a criminal investigation into $2 billion of speculative gambling losses because company traders tried to hedge their bets against the marketplace. At a recent Chase shareholder meeting, people were practically throwing pies at pictures of chief executive Jamie Dimon. ...

• 1:23 p.m. Wednesday, May 16, 2012

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Should you trade in foreign currency?

When the stock market wobbles, you might look for a quick score by investing in foreign currency. Is this a good way to make money? Here's Clark's advice.

• 12:00 a.m. Wednesday, May 2, 2012

Is mobile banking safer than going to your local branch?

A new Federal Reserve survey finds one in five Americans use mobile phone for banking. My phone runs four apps from the discount broker I use, the mutual fund company I use and a couple from the two credit unions I use. I do it without fear. But that makes ...

• 1:36 p.m. Monday, April 23, 2012

Self-directed IRA scams threaten seniors' retirements

RIP-OFF ALERT: Alternative investment scams that involve self-directed IRAs are leaving senior citizens with no retirement money. I've gotten several calls on the show about seniors being told by marketers and salespeople that traditional investing in stocks and mutual funds is a waste of time. The real money, they say, ...

• 2:42 p.m. Thursday, April 19, 2012

Reduce your withholding to beat tax refund ID thieves

Well, Tax Day is finally here. Approximately 25% of people wait until the last minute or beyond to file their taxes. As I've said in the past, if you can't get it together, file for an extension because the penalty for failure to file is nasty. If you need more ...

• 1:44 p.m. Tuesday, April 17, 2012

Mac users face virus attack

If you're a Mac user, you may think your computer is impervious to viruses. But that's no longer the case. For a long time, it was accepted as gospel that if you wanted to avoid viruses on your computer, you got a Mac instead of a PC. Now estimates suggest ...

• 1:12 p.m. Thursday, April 12, 2012
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A new payday loan alternative

Payday lenders are a common go-to for those lacking real bank accounts, but come with interest rates of 400-600%. Now there's an alternative that offers rock-bottom rates.

• 12:00 a.m. Thursday, April 12, 2012

New credit card breach: Protect yourself.

Criminals recently took advantage of a weak link at a particular merchant processor, which is an intermediary service between customers and retailers that clears credit cards for purchases. In the course of five weeks, over 1.5 million credit card numbers were stolen from all major cardholders including Visa, American Express, ...

• 1:02 p.m. Tuesday, April 3, 2012
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Success rates low with foreign currency trading

When the stock market wobbles, you might want to look for a quick score by investing in foreign currency. But I have some amazing new stats on this game of chance that you've got to hear. For years and years, I have warned against foreign currency trading. It is something ...

• 1:01 p.m. Monday, April 2, 2012

Annuity salesperson sentenced to jail time

For as many years as I can remember, I have had so much anger about insurance salespeople who sell annuities to senior citizens. For most seniors, the only appropriate annuity is an immediate annuity or life annuity. Finally, somebody has gone to jail for what I've always believed is a ...

• 1:03 p.m. Monday, March 26, 2012
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